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SriLankan airlines: Govt. identifies US Co. for PPP project

21 January 2017 06:59 am - 5     - {{hitsCtrl.values.hits}}

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The government has identified a Unites States-based company to share in the SriLankan airlines equity under the proposed Private Public Partnership (PPP) model, Public Enterprise Development Deputy Minister Eran Wickramaratne said yesterday.

Initially, the government had short-listed three prospective investors for this project.

He said a committee comprising ministry secretaries had identified one of the companies for further engagement. However, the deputy minister said the selected company was not a traditional airline operator.

“It is a private equity company that has invested in airlines for decades. But not an airline operator. The committee has recommended this company for further discussions,” he said. The government has proposed the PPP model to revitalize some of the loss-making state institutions. The deputy minister said the government would retain a majority stake in these ventures. (Kelum Bandara)


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  Comments - 5

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  • Chuc Saturday, 21 January 2017 09:34 AM

    Govt must expedite these things

    Srian Saturday, 21 January 2017 09:55 AM

    Can we please have the track record of this equity investment company and the airlines that they have invested in .

    Gos Sunday, 22 January 2017 01:19 AM

    PPP has been tried and tested in the UK under Tony Blair's govt and was found to be a failure leaving the govt with big losses. The Private companies made away with their loot while the govt had and still having to bear the burden of cost of some of those projects !!!

    Henry Sunday, 22 January 2017 01:53 AM

    International Garage Sale [assets of Lanka] to fill the pockets of politicians and waste public money on elections.

    Citizen Ash Sunday, 22 January 2017 03:57 PM

    If the government holds majority stakes so would the loss bearing be. via DM Android App


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